Sep 30, 2010 2:00am EDT
of us, in fact, i am just looking around the room. i think it is fair to say that nobody remembers the economy of the great depression, so the worst economy that we have gone through, maybe one, maybe one, maybe a couple, but you guys look really good for your age. the 1981 recession, and this was worse than the three other recessions combined in terms of job loss and how it affected incomes, so that is going to have an effect on the entire generation. it means that they are worried about the future in a way that most of us were not worried. i think that this generation, the suns generation, they do not take things for granted. i think they think about the community and other people. they do not have a narrow focus. i am very impressed with it. their future will be fine, but in the short term, what i say to them is, first of all, we are doing everything we can to make sure they can get the best education. one of the things that we did this year is we were able to change the student loan program of the federal government to save about $60 billion that is going to go directly to stud
Sep 30, 2010 6:00am EDT
fighting constituted 3% which is what history tell use, you need to continue upgrades and training and personnel. the bulk of your question was on audited financial statements. >> and sustainable systems. >> that's where i was going actually. the most important piece is not an audit in my mind. the most important piece is management information systems that the audit provides just a test of. we're committed that. it is as i'm sure you well understand given your background. somewhat different than the private sector. the goal here is not providing information to investors but ensuring the tax pairs money is well spent. for that reason we have focused our upgrading management systems doing with budget resources. we're trying focus on the most important information. as you indicated, this is a monmom mammoth job. >> we had this conversation. focus on the data you use and it's not getting there. you're not getting there. but go ahead. >> well, if we're not getting there we probably ought to have a discuss because that's what we're trying and as you indicated mr. hail had the lead for this.